Saturday, August 16, 2008

Time to load up on Pac Andes again? (PE < 10)

Pac Andes recently announced its Q1 results. Both revenue and profit was up. Share price is however down.

Food stocks usually do not trade at a high PE so I am not surprise that Pac Andes is priced as it is today. In fact, most stocks on the SGX are still priced at quite a high PE.

Time to average down and load up more of Pac Andes?

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